News Broadcasting
TV Today Q4 net skids 22.8% to Rs 73.3 mn
MUMBAI: TV Today Network, which runs leading Hindi news channel Aaj Tak, has posted a net profit of Rs 73.33 million for the three-month period ended 31 March 2012.
The net profit of the company slumped by 22.83 per cent, from Rs 95.03 million a year ago.
TVTN’s income from operations stood at Rs 883.60 million, up 4.82 per cent from Rs 842.95 million in the year-ago period.
Meanwhile, expenses grew 6.53 per cent to Rs 783.28 million, from Rs 735.25 million in the same period a year ago.
The income generated by the TV Broadcast segment stood at Rs 857.5 million (compared to Rs 825.91 million in Q4 FY’11), while operating profit from the segment was at Rs 159.58 million, down from Rs 180.12 million.
Meanwhile, the radio segment revenue jumped to Rs 27.08 million, from Rs 17.56 million. The operating loss from the segment also came down to Rs 44.56 million (from Rs 50.47 million year ago).
Full fiscal performance
For the full fiscal ended 31 March, TV Today has posted a net profit of Rs 105.24 million, down from Rs 124.24 million in the previous fiscal.
Revenue during the fiscal went up marginally to Rs 3.08 billion, compared to Rs 2.93 billion, while expenses also grew to Rs 2.96 billion, from Rs 2.83 billion.
The revenue and operating profit from the TV broadcasting segment in FY’12 stood at Rs 3 billion and Rs 342.19 million respectively.
The radio division posted a revenue of Rs 80.85 million and an operating loss of Rs 185.86 million during the fiscal.
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
